By Colleen Weber, CFP®, CPA
When we’re young, many of us don’t know what we want to do with our careers. While I had always been interested in the world of investments, financial planning, and tax planning, I wasn’t inspired by the jobs I was seeing.
After graduating from Mankato State University with a degree in accounting, I chose to work in the corporate world, working at various Fortune 500 companies. Up until the late 1990s, the only way to provide financial planning advice was to sell products and offer a limited amount of planning or advice. Despite my interest in the industry, I knew this wasn’t the type of role I wanted to fill. I had no interest in working as a salesperson or having to face conflicts of interest. I knew I wanted a practice that treated clients how I would want to be treated.
Economists and traders pay a lot of attention to something that probably doesn’t keep you up at night: the FOMC Minutes, or, in English, the summary of the discussion among decision-makers on the Federal Reserve Board, known as the Federal Open Market Committee.
What do they discuss? The health of the U.S. economy, the prospects for inflation, and whether interest rates should be raised or lowered. The latter issue, of course, is the reason for all the fuss; traders want to know if rates are going to go up faster than people expect, which might slow down the economy and reduce demand for stocks. Read More “Sunny Weather Forecast”